The Business Times, 4 December 1976
1976-12-04
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The Business Times
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Title Section10 1976-12-04 1 BUSINESS TIMES M.C.(P) 1455/76 SATURDAY, DECEMBER 4, 1976 M) CENTS10 words
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NEWS IN BRIEF
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Article88 1976-12-04 1 UPI BANGKOK, Fri. The King of Thailand warned his people today the country Is under threat from outside forces. m j King Bhumibol AdulyadeJ was addressing the armed forces in a ceremony marking his birthday that was relayed nationwide on radio and television. During his three-minuteUPI - 88 words
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Article53 1976-12-04 1 THE Customs Department has relaxed regulations relating to the export of non-ferrous metal scrap from Singapore. Export of non-ferrous metal (such as aluminium, brass, copper, lead, tin, and nickel, among others) scrap is no longer subject to licensing. Iron and steel scrap exports, however, are still subject53 words
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Article69 1976-12-04 1 AP VIENNA, Fri The board of governors of the Organisation of Petroleum Exporting Countries (Opec) opened a meeting here today, but an Opec spokesman said the group would "not deal in any way with the price of oil." The spokesman, Mr Hamld Zaheri, who isAP - 69 words
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Article66 1976-12-04 1 JAKARTA, Fri. Interior Minister Amirmachmud opened a three-day consultative meeting of experts on community development of Asean here today. Mr. Amirmachmud said: "The meeting is important not only because it may be considered as an effort to give meaning and content to Asean cooperation, but also because it66 words
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Article57 1976-12-04 1 Reuter TOKYO, Fri The Japanese Transport Ministry today confirmed Japan has received an official proposal from the European Common Market to hold talks on curbing its share of world shipU The n &inistry said Japan would accept the EEC proposal and inform the European Community ofReuter - 57 words
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Article75 1976-12-04 1 JOHORE BARU, Fri. The Fish Dealers' Association of Johore Baru today proposed that lorries exporting fish to Singapore drop 40 per cent of their load here instead of the normal 10 per cent, to ease the acute shortage of fish. Its chairman, Mr. Tan Choon Sir75 words
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Article44 1976-12-04 1 UPI NEW YORK, Fri.— Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 946.89, up 0.25; 20 transp 226.93, up 0.67; 15 utils 102.47, up 0.51; 65 stocks 308.17, up 0.54. UPI.UPI - 44 words
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Chief Price Changes
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Article, Illustration161 1976-12-04 1 TRADING at the Stock Exchange of Singapore turned steadier yesterday, though turnover remained on the light side. The Business Times index rose 2.66 points to 242.45 while the Straits Times Industrial average gained 0.70 point to 245.72. Rises Most active Pegi Mine Court U OB Rights 450161 words
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Article131 1976-12-04 1 Rises Most active a»i rtr*/iir> All x 19 Haw Par 121.000 O C B C $7*70 10 Central Sugars 80,000 Wearnes $2/78 !o8 U.O.B D B S. $3.72 +.08 Slme Darby 59,000 59,000 55 Si 0 Sot m Total Turnover M. Banking $8.25 +.05 Total Valu# 4131 words
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406 1976-12-04 1 KUALA LUMPUR, Fri. Texas Pacific Oil's president Howard Hlnson said here today that the terms of the agreement between Petronas and Shell could make it difficult for smaller oil companies to operate in Malaysia. The terms had raised the question whether406 words
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708 1976-12-04 1 QUEK PICK LIM, ONG LECK KEONG - ■y QUEK PICK LIM, ONG LECK KEONG WITH less than a week to go before a poll vote decides the fate of four Incumbent directors on the Sime Darby board, the matter has been brought to the attention of the highest authority In Malaysia708 words
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Article595 1976-12-04 1 LONDON, Fri. Slxto Roxas, one of the three directors nominated by Rothputra to the board of Slme Darby denied yesterday that he or any of the other parties Involved were part of a Malaysian conspiracy to acquire the company by backdoor methods. "I feel595 words
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Article197 1976-12-04 1 INTERNATIONAL Bank of Singapore the blue-chip partnership of the nation's "Big Four" has set up its first overseas office In Jakarta. The Jakarta representative office, which starts business next week, is headed by Mr. John Chan, who Is from the bank's head office here. Disclosing197 words
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Article199 1976-12-04 1 AP WASHINGTON, Frl. Unemployment in the United States Jumped to Its highest level in 11 months In November, rising from 7.9 to 8.1 per cent, while wholesale prices posted their third big consecutive monthly Increase, the Government said today. The double-dose of economic news from the. Labour DepartmentAP - 199 words
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Article, Illustration352 1976-12-04 1 AP MR JIMMY Carter. US President-elect, was due to hold a press conference very early this morning to announce his first Cabinet appointments. Late last night, informed sources from Washington and from Mr Carter's home town in Georgia said that he wouldAP - 352 words
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296 1976-12-04 1 JAPANESE investment in Singapore may be about to ■low down in tbe immediate future, if the conclusion* of a recent survey taken among Japanese businessmen here prove to be correct. The survey was conducted by Insight, the Hongkongbased magazine, and is published in296 words
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426 1976-12-04 1 THE Ministry of Labour Is .conducting investigations into a $2 million-a-year racket, involving the recruitment of local stevedores to work in Saudi Arab'a. Apparently there is a recruitment target for 1,000 stevedores from Singapore, and about 900 of these have already been enlisted, mostly426 words
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Article121 1976-12-04 1 UPI LONDON, Frl. The Department of Trade brought 15 summonses involving more than C 4 million (sl6m) In share dealings against Mr Jim Slater in a magistrates court today in connection with the Companies Act of 1948. Mr Slater also faces extradition proceedings in January.UPI - 121 words
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Page 1 Advertisements
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Advertisement60 1976-12-04 1 roifL?Ts> KENTUCKY STRAIGHT BOURBON WHISKEY HEAD OF THE BOURBON FAMILY. Marjut Reviews/TV A Ovmeu stocks P 7 Radio p 2 Commodities P 8 Overasea news/ Fea- Transport Commutures p 3 nications P 9 Local Co news P 4 Features PlO International Co news P 5 Local A Overseas news Pll60 words
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Advertisement60 1976-12-04 1 We are the Rolex people in Singapore Come and see us! If you are thinking of investing in a Rolex, see oi#r fabulous range of fine watches Eastern Watch Co. OFFICIALLY APPOINTED DEALER 285 South Bridge Road. Tel *****/***** Ground floor, Peninsula Shopping Centre, Coleman Street. Tel *****9 Ground floor,60 words
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Advertisement88 1976-12-04 1 JILLL memyl^Sw/tiswfmt wen, who wants tc&ewymy? Glenfiddkh Pure Mak Whisky. Simply, it is the finest whisky money can buy. It is distilled in hand-beaten pot stills, from the finest malt and the purest of burn waters right in the heart of the Scottish Highlands. Pick up a bottle of Glenfiddich88 words
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MARKET REVIEWS
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Article410 1976-12-04 2 Reuter THE 1*7.5 per cent devaluation of the Australian dollar this week electrified the Sydney stock market, and prompted initially one of the most bullish performances since the 1969 nickel boom. Rumours of an Impending devaluation had been circulating on the trading floor for some months, and analysts saidReuter - 410 words
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Article589 1976-12-04 2 FOR the most part of this week, prices reacted slightly higher In lacklustre trading at the Singapore stock market. Investment sentiment, however, remained generally cautious. Gains were generally negligible In extent. 80 were the range of price movements, with the exception of a few of the market leaders. End-of-the-month589 words
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Article438 1976-12-04 2 SOME life was injected Into the flagging Kuala Lumpur Stock Exchange this week, with most shares ending in plus territory over the four trading days. It was one of the better weeks in nearly a month as sentiment picked up, albeit slightly, in the last two days. As438 words
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238 1976-12-04 2 RONALD LAM - RONALD LAM AUDITED RESULTS Pr*-Tax Earning* Company Year to PreAt/Lose (L) (*•••> Per share* eeato Dividend' I E E. Mar 70 8*43 (*****) 0.5 (6.6) Nil (Nil) M. Banking June 70 MHO,324 A (M$15,074A) 36 3 A (33.5 A) 17.5 (17.5) S.238 words
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Article1154 1976-12-04 2 IVAN FALLON - LONDON By IVAN FALLON IN LONDON this week It has been a question of waiting for Mr. Denis Healey. All week long the market has held Its breath and attempted to read the tea leaves in em effort to Identify the shape of the battle currently1,154 words
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Article74 1976-12-04 2 UPI SEOUL, Frl. South Korea's exports during the first 11 months of the year totalled US$7.2B billion (8J17.8 billion) up 51.5 per cent over the same period last year, according to government statistics released today. The figure represents a 12.1 per cent Increase over this year'sUPI - 74 words
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Page 2 Advertisements
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Advertisement464 1976-12-04 2 i i V t D i 'V V. > X I m X SL 4 >■ te MS! f k > vj--4? &•< The Straits Times Annual Stops and Stares Where Others Hurry 8y... Where else but in the Straits Times Annual can you see all at once the many464 words
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Page 2 Miscellaneous
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Miscellaneous374 1976-12-04 2 WEATHER report for 24 hours prior to 7.30 p.m. on Dec 3 at Singapore airport. Maximum temperature 31.0 C Associated humidity 66 Minimum temperature 23.3 C Associated humidity 09 Hours of sunshine 6.30 Rainfall in millimeters Trace Total rainfall for the month 3.6 Total rainy days for the month 1374 words
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OVERSEAS
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197 1976-12-04 3 Reuter SANTIAGO, Fri Zambia wants copper exporting countries to take a tougher stand to defend their economic interests and to "show their teeth." Speaking yesterday at the opening session of a ministerial meeting of the lnter-governmental Commission of Copper Exporting Countries (Cipec), ZambianReuter - 197 words
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Article24 1976-12-04 3 Reuter FRANKFURT, Fri The Bundesbank said Its central council decided to keep credit policies unchanged after Its routine fortnightly meeting here today.Reuter - 24 words
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276 1976-12-04 3 WASHINGTON, Fri. The Soviet Union, in the wake of bumper harvest of its own, has cancelled an order for 400,000 metric tonnes of US corn but has offset that partly by buying 300,000 tonnes more of wheat, the Agriculture Department ■aid276 words
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Article309 1976-12-04 3 NEW YORK, Fri. AP THE Third World co-chair-man of the stalled NorthSouth economic talks in Paris said yesterday it was likely the conference scheduled for Dec IS would be postponed. Mr. Manuel Perez-Guer-rero, Venezuela's Minister for International Economic Affairs, told a news conference theAP - 309 words
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253 1976-12-04 3 Reuter BRUSSELS, Fri. The EEC has proposed that talks with Japan on curbing Its share of world shipbuilding should start sometime before Christmas, Informed sources said. The move follows a veiled warning to Japan this week by a summit meeting of EEC leaders, whoReuter - 253 words
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Article88 1976-12-04 3 Reuter PARIS, Fri France yesterday protested to the United States against its decision to increase Import duty on high-quality brandy. France's Minister for Foreign Trade, Mr Andre Rossi, summoned American ambassador Kenneth i Rush and told him the move particularly hit French cognac and favoured the saleReuter - 88 words
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269 1976-12-04 3 UPI BELGRADE. Fri. The European Economic Community and Yugoslavia signed a joint declaration yesterday that broadens their existing trade agreement with the aim of spurring Western investment and reducing the Yugoslav payments deficit. "The common declaration marks a new era between theUPI - 269 words
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Article2083 1976-12-04 3 KENNETH RANDALL - THE Central Statistical Office in London published a report yesterday which said what every Australian who has been able to capture an audience has been saying for years, namely that Australia is the best place in the world to lite. After studying "the qualityFinancial Times - 2,083 words
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Article, Illustration320 1976-12-04 3 MIAMI, Friday AP CUBA'S Premier Fidel Castro levelled a strong verbal attack against the Organisation of Petroleum Exporting Countries (Oppec yesterday in his address to the inaugural session of Cuba's new National Assembly. Dr. Castro said that when the handful of oil exporting countries nationalisedAP - 320 words
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392 1976-12-04 3 UPI BRUSSELS, Frl. Mr Oundelach of Denmark, EEC official In charge of foreign affairs, had warned that the North Atlantic Treaty Organisation may become caught up in the looming "fish war" between Europe and the Soviet Union. Unless the Soviets agree soonUPI - 392 words
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234 1976-12-04 3 NYT NEW YORK. Fri. Despite unremitting tension on world currency markets, which among other developments brought a further increase in short-term borrowing by the British Government to support the ailing pound, United States monetary authorities continued to sit on the sidelines between AugustNYT - 234 words
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Page 3 Advertisements
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Advertisement211 1976-12-04 3 M ki 4 ?rt m m MN iSiiW f<T-, :S w I a G Mb A jm v'. 325 W-1 X I I »s 33 h e m Departure 26 January 1977 Check-in at 3 p m at Godown 42/43 Gate 1 3 A Departs 5 p m Arrival 27211 words
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COMPANY NEWS
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Article379 1976-12-04 4 Carnal payment b Date Date payable i! Total fcr vvaiiaaayoai Glooealy 5* Nov. 17 Dec. 4 5* 5*a ParitPerak 10* Nov. 17 Dec. 6 20* 20* TiluiNiM 10* Nov. 18 Dec. 9 10*+ 15* Riverview 7% Nov. 23 Dec. 10 13*a 8.7S*a M Bankin* 11.3* Nov. 18 Dec.379 words
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258 1976-12-04 4 LOSSES continued to mount at Sea View Hotel. After seven years of operation, the company has accumulated losses of $8.31 million at June 30, 1976. This means that its paidup capital of $14.4 million is now reduced to $6.09 million. For the year ended258 words
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Article54 1976-12-04 4 TRENGGANU Development and Management says the register of loan stockholders will be closed from Dec 24 to 31 both dates inclusive for the half-yearly payment of interest on its 11 per cent convertible unsecured loan stock 1975/ 79. The Interest for the halfyear ending Dec 31,1976 will be54 words
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Article109 1976-12-04 4 FOR the first half-year ended Sept 30, 1976, Metro Holdings has enjoyed a 56.9 per cent Jump In group pretax profit to $2.16 minion. Sales were up 23.2 per cent to $32.93 million while other income almost doubled to $1.81 million from $915,000. In the interim109 words
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Article60 1976-12-04 4 ORIENTAL Holdings said its subsidiary, North Malaya Engineers Trading, has increased its share capital to Ms 2 million from $1 million through one-for-one rights issue. Oriental Holdings said it will take up the additional 10,000 shares, Increasing its stake in North Malaya Engineers to 94.66 per cent. The60 words
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Article, Illustration1400 1976-12-04 4 GOH ENG KEE - CONSUMER ELECTRONICS By GOH ENG KEE ALONG with some of the 100-odd electronic companies, the Setron group of companies Is rfcftng high on the steady Increase In demand for consumer electronic products In the developed world. For the first time1,400 words
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909 1976-12-04 4 PROSPECTS OF DEARER OIL Financial Times PARIS, Frl European countries are making massive Investments In coal mines In America, Africa and Australia in a bid to reduce the impact on their fuel bills of ever dearer oil and ofFinancial Times - 909 words
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Europe turns to coal to reduce impact on their fuel bills COMPANY MEETINGS
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20 1976-12-04 4 THE following company meetings are due: Dec 6, 11. a.m., Registered Office, 73 Beach Street, Penang.20 words
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15 1976-12-04 4 Dec 6, 10 a.m.. Registered Office, 31 Shipyard Road, Singapore 22.15 words
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Article14 1976-12-04 4 Dec 11, 12 noon, Registered Office, 92 Jalan Bandar, Kuala Lumpur.14 words
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Article15 1976-12-04 4 Dec 11, 12 noon, 6th Floor, Clifford Centre, Raffles Place, Singapore 1.15 words
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16 1976-12-04 4 Dec IS, 2.30 p.m. 10-A, Block 34, Commonwealth Lane, Singapore 3.16 words
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18 1976-12-04 4 United Industrial Corporation Ltd.: Dec 18, 9 a.m.. Registered Office, 13th Floor, UIC Building, Shenton Way, Singapore 1.18 words
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Article61 1976-12-04 4 THREE Cathay Pacific Airways representatives from Singapore, Mr. Channy Chin, station manager; Mr. G. Nabi, market development manager and Miss Patricia Mok, public relations officer, will attend a 12-day management orientation programme from December 6 17 in Hongkong. Tan Sri Datuk Hamzah Sendut has been appointed an61 words
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LATEST RESULTS
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Article53 1976-12-04 4 GULA PERAK Pre-tax trading loss of M 52.81 million ($4 million) for the year ended March 31, 1976. Taxation accounted for $4,300 (9500) leaving aftertax profit of $2.82 million ($4 million). Exceptional loss of $143,424 ($56,524) making net loss of $2.96 million ($4.05 million). Accumulated loss of $21.2353 words
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Article977 1976-12-04 4 On December 2 PRICES were mostly lower on the Chicago Board Options Exchange on Thursday. Losers topped gainers 320 to 157. Volume approximated 73,738 contracts compared with 75,602 on Wednesday. OPTION JAN APL JLY STOCJi >>>>>>>>>> 45 50 55 90 50 55 60 40 45 50 UNTRD977 words
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Page 4 Advertisements
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Advertisement445 1976-12-04 4 )u have only one face make the best of it Advice from Business Times. A J JK "> If your corporate face isn 't as good as it could be Business Times can help change it for the better. Few people place their trust in a total stranger. This has445 words
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INTERNATIONAL COMPANY NEWS
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Article191 1976-12-04 5 FRANKFURT, Fri. Reporting good results for the first 10 months of this year, Dresdner Bank has Indicated that it will pay an unchanged dividend of 10 mark for current year. When asked at a press conference whether latest results Imply a maintained dividend, a spokesman said:191 words
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Article104 1976-12-04 5 TOKYO, Frl. Three more Japanese banks reported increases of around a fifth in interim profits. They are Fuji, Mitsui and Sanwa. Three others Sumitomo, Mitsubishi and Daiichi Kangyo had earlier reported similar rate of growth for the first six months ended Sept 30, 1976. Fuji's net profit rose104 words
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Article32 1976-12-04 5 CHICAGO, Fri. International Harvester said directors voted to increase the quarterly dividend to 46 1/4 US cents a share from 42 1/2 cents, payable Jan 14, on record on Dec 14.32 words
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Article461 1976-12-04 5 LONDON, Fri. Buoyed by Its Forties Field production British Petroleum has enJoyed a 37.3 Jump in net trading income to i' 51.9 million from t'37.8 million in the third quarter of this year. This raised the nine month total to £123.9 million from £117.3 million last461 words
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Article189 1976-12-04 5 LONDON, Fri. Lonrho has enjoyed a 38.4 per cent jump in pre-tax profit to C 87.6 million from £63.3 million for the year ended Sept 30, 1976. However, sales grew at a faster rate of 75.7 per cent to £1.06 billion from £606 million, indicating a189 words
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Article90 1976-12-04 5 OSLO, Frl. The Statoil/Phillips group has made an oil find in Bloc 1/9 close to the Ekofisk Field in the Norwegian section of the North Sea, the oil directorate said. It is too early to give any estimates of the find, but drilling is continuing and possibly90 words
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Article116 1976-12-04 5 UPI SEOUL, Fri. Dong Yung Shipping, a Joint venture between South Korea's Tongyang Express and Swire Group of Hongkong, has decided to double its paid-in capital to expand the company's shipping capacity, Dong Yung officials said. They said the two companies recently agreed to investUPI - 116 words
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Article35 1976-12-04 5 DEARBORN, Fri. Ford Motor said It will close its Kansas City car manufacturing facility for one week, beginning Monday. Ford said 2,050 employees at the facility, which produces Mavericks and Comet*. will be affected.35 words
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Article198 1976-12-04 5 Reuter LONDON. Frl. For the {ear ended Sept 30, 1976, rational and Commercial Banking Oroup has achieved a 55 per cent Increase in pre-tax profit to C 57.72 million from £37.23 million. And It has lifted the total dividend to 2.3573p from 2.143p, Including aReuter - 198 words
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Article75 1976-12-04 5 CHICAGO. Frl. Ray! theon expects higher 1976 and 1977 sales and earnings, chairman, Mr. Thomas L. Phillips, told anaylsts. He expects 1976 earnings to reach US$5.5O a share and sales to be $2.4 billion compared with 1975 earnings of $4.69 a share on sales of $2.2 billion. He75 words
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Article209 1976-12-04 5 MUNICH, Fri. With overseas sales providing the impetus, Bayerlsche Motorenwerke has enjoyed a 33.5 per cent Increase in turnover (excluding motorcycle sales) to 3.03 billion marks from 2.27 billion marks for the first nine months ended Sept 30,1976. Overseas sales rose by 58.6 per cent209 words
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Article185 1976-12-04 5 Reuter MILAN, Fri. Industrie Pirelli, the main industrial subsidiary of Pirelli SPA, is likely to end this year close to balance, after 1975 s 27.4 billion lire loss, senior company officials told Reuters. The recent strength of Pirelli share prices, Including a 7.6 per cent gainReuter - 185 words
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Article519 1976-12-04 5 NYT NEW YORK, Frl. Small Investors often buy Into companies that appear to be sound, only to discover that corporate bankruptcy was Just around the corner. This has also happened to institutional investors. Scores of banks and mutual funds were hurt when Penn Central went under,NYT - 519 words
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Briefly
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Article96 1976-12-04 5 PARIS, Fri. French steel firm Usines A Tubes de Lorraine, Escant et Vallourec Reunles said it and Pont-A-Mousson signed a 350 million franc contract with the Soviet Union for the supply of steel tubes. Vallourec said In a communique delivery of the tubes, which will be96 words
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Article62 1976-12-04 5 NEW YORK, Fri. S.S. Kresge expects to surpass comfortably its US$B billion sales volume target this year, chairman. Mr. Robert Dewar. told analysts. Kresge sales were $6.9 billion in the fiscal year ended Jan 31. Mr. Dewar said the 27.1 per cent Increase in November sales was particularly62 words
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Article31 1976-12-04 5 FRANKFURT, Frl. The 60 million mark, seven-year, seven per cent Eurobond for the Council of Europe was priced at 99V4 Der cent, lead manager Berliner Handles Und Frankfurt Bank said.31 words
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Article65 1976-12-04 5 LONDON, Fri. The IU Overseas Finance US$3O million nine per cent issue due 1983 was priced at par, SO Warburg said as issue lead manager. This issue will be unconditionally guaranteed by IU International Corp, the parent company. A sinking fund to be started at the end of65 words
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Article29 1976-12-04 5 FRANKFURT, Frl. The Vienna-based Oesterrelchische Kontrollbank has made a 50 million mark, seven per cent, seven-year private placement at par, a spokesman for issue manager Dresdner Bank said.29 words
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Article93 1976-12-04 5 SYDNEY. Frl. Australian Guarantee Corp issued a prospectus giving details of a planned unsecured note and debenture stock public issue at par to raise US$l5O million, with the right to retain a further $50 million in oversubscriptions. Interest rates range from nine per cent for three months93 words
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Article80 1976-12-04 5 LUXEMBOURG, Frl. The European Investment Bank said it has granted two nine per cent, ten-year loans totalling £14.7 million to the British Steel Corporation. The larger loan is for £12.6 million to help pay for a new €32 million coal handling and blending system at Port Talkbot in South80 words
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Article84 1976-12-04 5 TOKYO, Frl. Pepsico (Japan), a wholly-owned subsidiary of Pepsico of the US, declined to comment on a local press report that Pepsico planned to manage directly 13 bottling companies it uses in Japan to boost Its market share here. The financial dally Nihon Kelzal said Pepsico is expected to84 words
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Article72 1976-12-04 5 IRVINE, Calif, Frl. Mobil Corp made two new higher offers for Irvine, topping a bid by Cadillac Fair view of Toromo. The new all-cash offer by Mobil was U*****.7 million or $33.00 a share, replacing the previous $273.5 million or $32.50 a share. As an alternative, Mobil also offered72 words
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Article28 1976-12-04 5 VIENNA, Frl. The InterAmerican Development Bank will float a 300 million schilling, eight per cent, ten-year loan on the Austrian market later this month, banking sources said.28 words
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Article77 1976-12-04 5 SYDNEY, Frl. Pioneer Concrete Services said It expects net profit to rise by at least 25 per cent in the year ending June 30, 1977 compared with the previous year's AsB.3 million. The chairman, Mr. Tristan Antlco, said profits had turned round In Spain and Portugal. Overseas trading profits77 words
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Article70 1976-12-04 5 PITTSBURGH, Frl. H.J. Heinz said It expects earnings for its current fiscal year will rise over 20 per cent before unrealised exchange losses. It said it also expects a satisfactory increase in both saler, and net income. Heinz said these results should be obtainable in spite of the slowdown70 words
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Page 5 Advertisements
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Advertisement43 1976-12-04 5 slblue IREC? TO smS EB)m,tRWOM improved far east schedule -J Mm 4 I J <v ti.l c ißvPwiVfl borber blue seo Agents: Barber Lines Singapore Pte Ltd Singapore Harrisons Crosfield (M) Sdn Bhd Kuala Lumpur/Port Kelang Pernas MISC Shipping Agencies Sdn Bhd Penang43 words
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Article1921 1976-12-04 6 SECTION ONE INDUSTRIALS Gr'» Gr'a 1 Net 1976 Laat div Div y'ld 1 P/E Vol Day High Low Company Sale +or- c'n COM) High Low 250 170 Ac ma 170crl unch 12.ON 1.1 7.0 8.5 1 170 170 206 172 Alcom 206 20.0 1.3 9.7 13.2 1001,921 words
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Article1158 1976-12-04 6 BID and offer pricw officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "Bett." Big Board1,158 words
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Article1057 1976-12-04 6 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets in lots of 1,000 units unless otherwise specified. INDUSTRIALS AjMMMU (1.808 1 868). AIM* (2.138). AIM. NfeM (0.808). A.M.O. (0.508).1,057 words
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Article137 1976-12-04 6 SINGAPORE UNIT TRU8T (Nuuim' prices for Dec C) INCOME BOND UNIT (Currear prices) The Commerce 1.65 1.75 The Saving Fund 0.92 8'pore Prof Fund 0.76 8'pore 8eeurHy Fund .1.26 S'pore Invest Fund ..099 0.97 0.81 1.S1 1 04 MARA BUM1PUTRA FUND (Managers' prices for Dec 1) ASIA UNIT137 words
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Article139 1976-12-04 6 B O T 8 1/2% 1981 (100,000) (102 MB 102*S) D B S H 1/2% 1982 (100,000) (99%.8 100*S) DBS Convert* C 1/2% 1991 (100,000) (96%8 97*8) E I B 9% 1982 (100,000) (102 MB 102 SS) E I B 8 1/4% 1983 (100,000) (99*8 99SS) I139 words
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Article154 1976-12-04 6 5 1/2% 1/12/77 (1,000,000) (101.658 101.755) 5 1/2% 15/4/78 (1,000,000) (101.668 101.755) 5 1/4% 15/7/78 (1,000,000) (101.388 101.458) 6 1/2% 15/8/78 (1,000,000) (103.458 103.505) 7% 1/7/79 (1,000,000) (104.758 104.90S)(1)104.75 5 1/4% 15/10/79 (1,000,000) (100.708 100.85S) 6 3/4% 15/6/80 (1,000,000) (102.958 103.055) 3/4% 1/12/80 (1,000,000) (102.958 5% T154 words
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Page 6 Advertisements
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Advertisement48 1976-12-04 6 *^C f<, v; > 8§ s 1 ttt- V yc-, i-&f ■>, 35 ■'> S?C if;A ■t v.--' W v.U MM M A M MM N n IN H i in i m 2 S SM N*y* M M m r* Mi M S MM i an WJ tt S48 words
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Article473 1976-12-04 7 STKAIIT conditions prevail*# at the Stock Exchaage of Singapore yesterday. Turnover was still on the light side. Speculators and investors w«re not showing much baying interest even though aaoet shares were said to be |iia| at bargain levels. for a psuafly steady trend, will'|tißi and volume nakhr'473 words
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Article445 1976-12-04 7 WEEKEND covering activities sent prices higher on the Kuala Lumpur stock market yesterday. Although trading was still cautious and selective, overall sentiment was one of the most encouraging seen for weeks. Shares, after opening on a fairly promising note, began to move gradually higher on445 words
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Article90 1976-12-04 7 TOKYO, Frl. Matsushita Electric Industrial said It does not plan to adopt the video tape recording (VTR) system developed by Victor of Japan, asltsownVTßmodells gaining popularity In Japan, and it plans to Increase production to 15,000 sets a month. Matsushita was commenting on rumours in the electronic Industry90 words
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Article966 1976-12-04 7 NEW YORK: After several weak rally attempt*, stocks retreated in active trading on Thursday. Analysts said the late weakness resulted from anticipated rises In both the wholesale price Index and unemployment rate due to be reported on Friday. And, analysts said Investors apparently were less optimistic following a966 words
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Article394 1976-12-04 7 SYDNEY: The market closed higher on Friday on renewed buying Interest on news sayings bonds Interest rates were only marginally increased, dealers said. Peko-Wallsend, Utah. CRA. Central Norseman, and MIM recorded strong gains. Hamersley, Woodside-Burmah, Mt. Lyell, WMC, and BH South all firmed, but Queensland Mines, AAR, Cons Gold394 words
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Article295 1976-12-04 7 ZURICH: The market closed generally very steady on small selective demand on Thursday. Major banks firmed slightly. IwlawMwhi rights, traded for the first time, ruled at 168 for bearer asd at 24 francs for registered. Financials fluctuated narrowly. Holderbaak registered and bearer lost ground despite a forecast of satisfactory295 words
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Article262 1976-12-04 7 AMSTERDAM: The market wax mixed with Dutch Internationals mostly higher except for Hoogoveaawhichfello.2oguilders. on Thursday. Heineken fell 5.50 guilders after fluctuating widely ahead of its 1976 dividend and figures. Ommeren and Pakhoed also fell sharply Otherwise shares were generally mixed. State loans firmed In early active trading but faltered262 words
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Article333 1976-12-04 7 PARIS: The market was slightly higher on balance on ThursDenain, which two days ago announced a maintained dividend, rose almost five per cent, leading a general advance In metals. Stores, electrical's buildings and Investments were also generally higher. Banks were among losers led S Credit National which feU most333 words
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Article233 1976-12-04 7 FRANKFURT: Most shares lost around a mark on operator position-closing In lacklustre trading, market sources said. Electrlcals and stores were mixed, with BBEC and Kar■tadt one mark firmer and Neckermann up 2.50, but AEG was one mark easier and KiufW down four. Siemens was well maintained, while Miamm lost233 words
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Article362 1976-12-04 7 JOHANNESBURG: Gold shares firmed in afternoon trade following the London morning gold fixing, although dealings remained quiet on Thursday. Among heavyweight stocks, Raadftn rose 75 cents to 3,725 and Fregols 15 cents to 1,750, while In medium stocks and lightweights, Harmony Gold rose two cents off the bottom to362 words
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Article189 1976-12-04 7 MILAN: The market on Thursday closed firm after an active session marked by the sharp increase in prices for Fiat shares and associated stocks, bourse sources said. Wednesday announcement of Libya's decision to Inject US$4l5 million In capital participation and loans into Flat galvanised the bourse and sent many189 words
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Article156 1976-12-04 7 BRUSSELS: The market was mixed In quiet trading on Thursday, dealers said. Cobspa, FN, GB-Imno-BM and Cemetra rose while Reserve, latercem, Cockerill. Gevaert and CBR fell. UK and Gtraai stocks declined, Dutch and American issues were static but French shares were generally steadier after a long period of decline.156 words
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Article240 1976-12-04 7 TORONTO: All major Toronto market Indices closed sharply higher In moderate trading on Thursday, sustaining Wednesday's strong advance. Braacan A, the most active Industrial on 230,456 shares, closed at 11%, up Ift. The company said private Brazilian Investors are Interested In buying Its 83 per cent Interest In Light240 words
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Article464 1976-12-04 7 TOKYO: The market firmed after six days of weakness on expectations of further economic stimulation measures from the government, dealers said. The Dow Jones average rose 46 42 to close at 4,545.92 with volume 230 million shares. The New Index closed at 348.82. up 3.26. Recently sold export oriented464 words
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Article361 1976-12-04 7 HONGKONG: The market closed mixed In active two way trading on Friday after a higher opening, dealers said. Share prices appear to be consolidating around present levels amid Increasing Investor Interest. thev said. The Hang Seng Index rose 0.14 point to close at 402.36. Turnover on the four exchanges361 words
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Article79 1976-12-04 7 DEC 08 Bahts Asia Fibre 110 unch Bangkok Bank 229 -2 Bangkok Invest. 137 ♦7 Bangkok-Metro-politan Bank Bata 358 unch Berll Jucker 158 +5 Charoong Thai Wire 140 Dumex Dusll Thanl rmbrrMerlin PiratTruat Indo-Tbal J And J Ho IV? uncb JilAprtthao Cement 19 uneh Lee K«an< Mln Metal Box79 words
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Article84 1976-12-04 7 DEC Pern Acoje Mining AtlaiCon A AtluCon B BaguloOold Benguet Con.B BF Goodrich .0145 28.00 28.00 17.00 unch +0.25 -0.25 unch CDCP IncoB Lepan to B MannduqueB Menuco Oriental A Oriental B Phil Overseas Phllex A PhllexB PlcopA PlcopB PLOT Podco B San Miguel A San Miguel B UHphll84 words
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Article89 1976-12-04 7 FINANCIAL TIMES INDUSTRIALS Thursday 300 9 Wednesday 301.3 Week ago 302 0 TIN Thursday 117.16 Wednesday 114 93 Week ago 113.04 RUBBERS Thursday 498.63 Wednesday 501.05 Week ago 501.87 OILS Thursday 387.96 Wednesday 384.81 Week ago 380.92 DOW JONES AVERAGE INDUSTRIALS Thursday 946.64 Wednesday 949.38 Week ago closed LONDON89 words
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Article66 1976-12-04 7 MELBOURNE, Fri. The Melbourne Stock Exchange board said Ansett Transport Industries need not make a takeover bid for Associated Securities (ASL) following its purchase of a I 30 per cent equity in ASL from the Royal Bank of Scotland. The board decided to invoke a waiver in rules for66 words
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Article48 1976-12-04 7 TOKYO, Fri. Nippon Shinpan said it will make a 30 million Swiss franc, 5.75 Kr cent, five year private nd placement at par with a syndicate led by Credit Selss. Funds raised will be used for the expansion of stores and other related facilities In Japan48 words
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Article62 1976-12-04 7 HOUSTON, Frl. Gulf OH said it has signed a production sharing agreement with the Egyptian General Petroleum Corp. The company said It will explore two 1,200 sq.km. blocks east of the Suez <U and drill four wells .i tne next three years. 1. .e venture Is Gulf's first62 words
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Article38 1976-12-04 7 COPENHAGEN, Frl. Denmark has signed an agreement here for a loan of US$4OO million, Its biggest state loan to date, to be j floated by an international banking consortium led by j the Citicorp International I group.38 words
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Page 7 Advertisements
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Advertisement147 1976-12-04 7 I ?<- •>*«*.--<' > £V>v >••;•>• A, «;:.iv V few#- '%>• .5?a/<> S*\ v i 7, •\•':••:»'XW ■I mmm wiM i r r* v- Ji< </ lv' LB/S 5209 Only Qantas gives you 28 departures to Australia Europe every week. From Singapore To Amsterdam Athens Bahrain Darwin rrannurt Melbourne Perth147 words
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COMMODITY REPORTS AND PRICES
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Article595 1976-12-04 8 OPENING quotations in the Singapore rubber market yesterday were marked down some two cents on Wednesday's close following easier overseas advices, dealers said. Thereafter the market held quietly at 202.50 cents for January with the outgoing December contract widening its discount to four cents. The afternoon session saw595 words
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Article95 1976-12-04 8 DAILY SSR and SMR prices at noon yesterday: R.A.S. Dec. Jaa. (C® rrent Mth) (Forward Mth) Buyer Seller* Buyer V Uhn lUperkf) (CO ■uparkf) SSR 20 (1-ton Pallets) 1M.50 188 50N 187.50 189.50N SSR 50 (1-ton Pallets) 184.00 186.00N 185.00 187.OON M.R.E.L.B. SMRSCV (1-ton pallet) 219.50 220.50N95 words
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Article152 1976-12-04 8 THE Straits tin price In Penang yesterday was unchanged at $1,285 per plcul on an official offering down 95 tonnes to 240 tonnes. In LONDON yesterday, tin sagged by £10 for Cash standard and £20 for Three Months. High grade was £10 and £30 down, respectively. Despite steadiness152 words
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Article61 1976-12-04 8 LONDON, Fri. Zinc was £0.75 per tonne down for Cash and unchanged for Three Months. The iqarket attracted hedge and chart selling but losses were mostly erased by general covering support. Three Months traded down to £381 prior to final business at £382.25. The steady trend was probably aided61 words
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Article28 1976-12-04 8 Robber: Dae I Singapore: Dee. 1*7.0$ (down 3.7S eta.) Malaysia: Dee. 203.25 eta (down O.SOct) Ha: $1,2(5.00 (uacfc) Official oferinx: 240 tonnee (down $6 ten nee).28 words
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Article53 1976-12-04 8 LONDON, Fri. Lead declined by mostly £2.75 per tonne. After a slow start, values drifted lower under hedge selling and some chartist operations which pushed Three Months down to £285 per tonne before shortcoverlng cushioned the fall, dealers said. Stocks this week are expected to be modestly higher. Sales53 words
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Article129 1976-12-04 8 THE following Palm OH prices were quoted In London on Thursday. The prices are elf Rotterdam and are quoted In US dollar per long ton unless otherwise stated. Malaysia 5% (fa bulk Thara4ay PN. 465 sir Dec unci! Jan 3r 455 sir Feb 455 sir Sumatra 5H Nov129 words
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Article260 1976-12-04 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk ISO sellers, old drum $85 sellers, new drum *90 sellers. Copra: Mixed (loose) UK/Cont Uf buyers. Pepper: Muntok AST A white fob 100% NLW $315 sellers. Sarawak whit* f o b. 96* NLW $297* sellers,260 words
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Article280 1976-12-04 8 The Singapore gold market was very quiet yesterday with only a small amount of business done. The price opened at U*****.50 per os and closed at $131.00, with the kilo bar at 5510,400. Dealers attributed the flat conditions to the absence of any positive news, the coming weekend and280 words
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Article205 1976-12-04 8 LONDON, Fri. Copper wirebars were about unchanged for Cash and £1 per tonne lower for Three Months. The early premarket steadiness reflected the general feeling that warehouse stocks this week would only show a marginal Increase and light shortcovering took Three Months upto £779 per tonne. Subsequently values eased205 words
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Article117 1976-12-04 8 LONDON, Fri. Silver was 0.2 pence per troy ounce higher to 0.1 pence lower. This market lacked interest, dealers said, and only small scale trading took place with carries accounting for most of the turnover of 30 lots. Three Months was trading at 269.4 pence at the close. In117 words
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Article118 1976-12-04 8 LONDON, Frl. Tehnlnal initially opened £23 up from Thursday s close with Mch traded at £2,425, but by the end of the opening call values were £38 to £27 higher with 375 lots traded. Dealers said the gains mainly reflected New York's overnight close with reports or the Nlcaraguan118 words
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Article363 1976-12-04 8 THE easier trend of late has persisted during a dull trading week, affected by the Harl Raya Haji holiday In each sector, with some 4 cents in Singapore and 6 cents In Malaysia being lopped off prices, report holiday, Cutler and Bath in its weekly rubber review.363 words
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MONEY AND EXCHANGES
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Article568 1976-12-04 8 OVERNIGHT rates In the domestic money market took a downward turn yesterday to 2\ per cent at close, compared to an abnormal high of nine per cent registered at Wednesday's close. Dealers said that it looks as if the market is moving back to normal. Opening at the four568 words
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Article108 1976-12-04 8 Asian rate ASIAN currency deposit Interbank rates u at close on Dec. 3 US Dollar* (Spot) Offar BM 7 days I mth 2mths Smths tmths Smths 12mths Sw.m. Dw. 1 mth Smths tmths 12 mths Bo*, f tiL( (■Mb prim! 1 mth 3mths Smths 12 mths 14 VIC 1(1/1 Ill108 words
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Article50 1976-12-04 8 RANQE of prto m offered by dl»count houaee on Dec S. Overnight 2HIOM Call deposit 3% CMa B-y 8«Uiac J- Month IMMMTMIII J l/l« 2 Wl* 3-Month Btnlu bills 4 1/IC 1 IVIt 3-Month CD 4 VI* 4 1/1* Month CD 41/1 4 V* Source: National Discount Co.50 words
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Article163 1976-12-04 8 Euro rates LONDON, Frl. An easier tendency was reported in period Eurodollar deposits, while shorts were marginally softer to unchanged, dealers said. They cited the large declines In latest US money supply figures for the easier tendency, which some sources saw as reinforcing market opinion that the FED would relax163 words
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Article309 1976-12-04 8 LONDON, Fri The US dollar declined against continental currencies following a sharp fall In US monetary aggregates for the latest reporting week which raised expectations of a further easing of US monetary policy, dealers said. Sterling opened steady but faltered in sympathy in light early trading as the easier309 words
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Article100 1976-12-04 8 NEW YORK, Thurs. The dollar closed slightly weaker although still around Its firmest for nearly four years on a trade weighted basis, dealers said. The main activity In a quiet trading day centered on the Canadian dollar which reversed its recent downtrend to close firmer at 97.37/39 US100 words
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Article127 1976-12-04 8 HONGKONG, Fri. The US dollar eased further in quiet trading to a late HK54.7750/80 from the noon level of $4.7790/7820 and Thursday's $4.7870/80, dealers said. The decline was due to general lack of Interest and the US unit's easier trend overseas on Thursday which more than erased Thursday's gain,127 words
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Article143 1976-12-04 8 TOKYO, Frl. The Bank of Japan was believed to have sold an estimated US$3O million to support the yen, dealers said. The dollar for overnight delivery closed firmer at 297.55 yen against 296.70 at the opening and 296.90 at Thursday's close. Bank of Japan support for the yen is143 words
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Article55 1976-12-04 8 RESULTS of Treasury bills tender held on Deo. 3 for 91day Treasury bills to be issued from Dec 6 to 10. Offered: $30 million Applied for: $58,800,000. Allotted: $30 million Accepted bids: $99.23 approximately 83 per cent; higher bids in full. Average rate of discount on allotment:55 words
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Article56 1976-12-04 8 ACBC Algemene Bank .6* Bangkok Bank ..7* Bank of America 6% Bank of China .7* Bank of Tokyo ,6*« Bank Negara Indonesia 7'/« Chartered Bank .6*. Chase Manhattan DBS 6% First Chicago Citibank 6%. HSBC 7 Indosuez 6% Malayan Banking Mitsui Bank OCBC 6%. OUB56 words
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Article43 1976-12-04 8 ZURICH exchanges quoted on Dec 2. US 2.4567-4575 UK 4.0940-0975 Can 2.3820-3835 W.Germ 101.68-75 Neth 97.68-76 France 49.14-17 Belg 6.66-1/2 67-1/4 Denm 41.58-61 Norw 46.74-77 Swed 58.47-51 Its y 0.2838-2841 Austria 14.32-32 Port 7.77-80 Spain 3.59-1/4 60 Arg 0.85-1.15 Japan 0.82-1/2 8343 words
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Article54 1976-12-04 8 AUSTRALIA/NZ exchanges quoted on Dec 3. Australia: Sterling 0.6115/ 0.6044 US dollar 1.0134/ 1.0086 Ninety day air mail buying rates: Sterling 0.6416 US dollars 1.0369 Ninety day forward buying rates: Sterling 0.6361 US dollars 1.0221 New Zealand: Sterling 0.5448/ 0.5419 US dollar 0.9117/ 0.9017 Ninety day forward rate: Sterling54 words
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Article33 1976-12-04 8 FRANKFURT exchanges opening quotes on Dec 3. US 2.4115/30 Can 2.3487/3502 UK 4.000/015 Neth 95.95/96.10 Swltz 98 10/25 Italy 2.780/795 France 48.20/35 Norw 45.96/46.01 Belg con 6.550/565 Belg Fin 6.534/555 Japan 0.8088/810333 words
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Article299 1976-12-04 8 LONDON, Frl. Straight debt bonds were steady to mixed In quiet trading, dealers said. In first time dealing, the Polysar $50 million Issue due 1986 9-1/2 per cent Issue due 1986 and priced at par opened around 99-1/2 1001/4 and held steady. British Columbia Central Credit Union 9-3/4299 words
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Article155 1976-12-04 8 LONDON, Frl. Terminal opened quiet with prices £1.65 to £1 above Thursday afternoon's close. Sales totalled 321 lots. Dealers said most of the rise took place on the kerb in line with New York and prices were marked slightly higher in the morning In anticipation of some shortcovering. In155 words
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Article90 1976-12-04 8 CHICAGO, Thurs. Wheat futures closed with a gain of 3/4 cent in the December and losses of 1/4 cent In other months at the end of a thin trade. Small gains were provided by speculative buying on the USDA announcement that the USSR cancelled on 400,000 tonnes of corn90 words
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Article73 1976-12-04 8 CHICAGO, Thurs. Soyabean product futures closed with small gains after a lightly traded session. Oil prices were up 0.15 to 0.06 cent a lb and meal prices were mostly $0.20 to $2.00 a ton higher. Limited speculative sup- port brought an early advance on Improved demand in world oil73 words
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Article215 1976-12-04 8 BANGKOK, Fri. Indicative prices for rice quoted yesterday were: US dollars per tonne FOB basts Bangkok White Rice: 100 per cant Ist class 2M. 100 per cents 2nd class 275, 100 per cent 3rd class 270, 5 per cant 258, 10 per cent 237. 15 per cant 234,10 per215 words
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Page 8 Advertisements
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Advertisement90 1976-12-04 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times w, BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) "Annual $124.00 $155.00 $186.00 186.00 682.00 961.00 $1,100.00 ><§- BUSINESS TIMES Subscription Form Name: Address: Designation Payment for S is90 words
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TRANSPORT AND COMMUNICATIONS
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Article701 1976-12-04 9 By HOHN WYLES Supership by Noel Mosbert. Penguin Books, 80 pages. Financial Times THURSDAY night last week, (luring gales which took the lives of more than 30 seamen around Britain's coast, the Liberlan supertanker, Andros Antares, was driven onto the harbour wall at Le Havre. SheFinancial Times - 701 words
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Article850 1976-12-04 9 MICHAEL DONNE - THE SAFE AIRLINE by J. M. Ramsden. Macdonald and Jane's, £4.95. 231 pages. PILOT ERROR, edited by Ronald Hurst. Crosby Lockwood Staples, £7.50. 282 pages. DESTINATION DISASTER, The Sunday Times Insight Team. HartDavis, Mac Gibbon, £4.95. 435 pages, illustrated. i By MICHAEL DONNE Financial Times WRITING about airFinancial Times - 850 words
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Article59 1976-12-04 9 UPI NORFOLK, (Virginia), Frl. The United States Maritime Administration said on Wednesday it is opening the bidding for the mothballed luxury liner SS United States for US$ 5 million. A maritime administration spokesman said the invitation for sealed bids was sent to the federal register for publication.UPI - 59 words
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Article, Illustration356 1976-12-04 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES An Heng (0700 after Woo Yong shifts) 18 Barclay Progress (0600 after Lautan Satu) 22 Emma Bakke (after Patroclus Sam Ratulangl shifts) 6/7 Fei Chi (3 FGM) (2100 after King Tower) 38/39 Hoegh Elite (after Sam Ratulangl shifts Straat Kobe sails) 8/9 Jaladharma356 words
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390 1976-12-04 9 AP NEW YORK, Frt. Maritime Fruit Carriers, an Israeli shipping firm, has filed a US$4 billion (559.6 billion) in damages, charging that Bankers Trust and a Swedish shipping company were the principals in a conspiracy to put it out of business. put itAP - 390 words
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Article147 1976-12-04 9 AP LONDON. Fri Transatlantic grain rate* kMt further ground yesterday as Inquiry railed to pick up. Indeed, the acceptance of UStS 23 (FIO) by the "Toncl Topic" for a 53.000-tonne US Oulf-HoUsind haul In Dec 4-11 position represented a considerable drop from recent payments The US Oulf-Japan grainAP - 147 words
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481 1976-12-04 9 R. MOSELEY - By R. MOSELEY UPI BEFORE the Angolan civil war, the Benguela railway was the economic lifeline of the rich copper belt In Zaire and Zambia. The Angolan Goverment, Its economy In tatters, desperately needs the US$3O million (S|7o million) In revenue that the railwayUPI - 481 words
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Article529 1976-12-04 9 ARRIVALS Service Local Operator Number Time From JAL JL712 1000 HLP CAL CI814 1000 HLP SIA SQ211 1016 HLP OIA GA980 1030 HLP CPA CX710 1030 HLP THAI TG423 1035 BKK OIA GA908 1100 MES SIA SQ201 1200 HLP SIA SQ240 1205 MES GIA GA944 1300 PKU529 words
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Page 9 Advertisements
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Advertisement95 1976-12-04 9 A wealth of answers to scientific phenomena LIFE SCIENCE LIBRARY A thousand questions you've asked but never had answers to. Now to be found in these fantastic volumes from Life Science Library. Vast information on every conceivable branch of science. The power of pure energy molecular theory mathematics the human95 words
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Article, Illustration1767 1976-12-04 10 ELINOR GOODMAN - SHOPLIFTING IS AN INCREASING PROBLEM FEW RETAILERS CAN AFFORD TO IGNORE ELINOR GOODMAN Financial Times MENTION THE word "shoplifting" to anybody nowadays and the chances are they will either say it is all the work of the Arabs or, alternatively, that it is all doneFinancial Times - 1,767 words
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445 1976-12-04 10 CLYDE FARNSWORTH - Economists who create multi-million industry By CLYDE FARNSWORTH NYT IN FRANCE they have names like Fifl and Reglna. In Canada one Is called Candlde. In the United States they are known more by the Institutions that created them such as the Wharton School or D.R.I, for Data Resources Inc. TheyNYT - 445 words
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790 1976-12-04 10 SIMON KENT - By SIMON KENT OFNS THE British Government is studying a set of radical recommendations aimed at giving for the first time top public officials and trade union leaders a major role In the running of State Industries. A report from the National EconomicOFNS - 790 words
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Article, Illustration647 1976-12-04 10 WILLIAM JOHNSON - By WILLIAM JOHNSON UPI FOUR and a half years after the end of Africa's longest war in its largest country, the Southern Sudan is still trying to pick up the pieces. More than one million people reportedly died in the vicious 17-year Jungle War ofUPI - 647 words
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Page 10 Advertisements
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Advertisement191 1976-12-04 10 rti MONTHLY ECONOMIC REPORTS With monthly political tuppbimnt for UP-TO-DATE HANDY REFERENCE ASM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that have taken ploce in all important sectors of the economies of countries in East and Southeost Asia. The Bulletin is191 words
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Article, Illustration58 1976-12-04 11 AN air view of the 212,000 tonne Liberian tanker Energy Vitality which hat struck bottom in the Jade Bay north of Wilhelmshaven in the North Sea. Rescue workers fought to keep the ship from breaking apart. Coast guards said 30 tonnes of oil had already leaked outSource: UPI photo - 58 words
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682 1976-12-04 11 UPI TOKYO, Frl. Japanese voters cast ballots on Sunday to decide whether they want conservatives to conthe wafciT" t hp, r country In the a big payoff scandal Involving the Locxheed aircraft company and former Premier Kakuel Tanaka. At stake In the firstUPI - 682 words
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Article677 1976-12-04 11 Financial Times LONDON, Fri. Th? proposed new inflation accounting system, known as current cost accounting (C--CA), launched this week by the Accounting Standards Committee, the rulemaking body on accounting matters, has received strong support from the Government, the Opposition, industry. and the City. 1 TheFinancial Times - 677 words
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Article272 1976-12-04 11 UPI MEXICO CITY, Fri President Jose Lopez PortiUo, in his first full day as the nation's new chief executive, swore in his Cabinet and saw a strong rally by the Mexican peso. Mr Lopes Portillo's decision to have the Cabinet sworn in was describedUPI - 272 words
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101 1976-12-04 11 Reuter TOKYO, Fri. Flight crewmen of Japan Air Lines launched another 24-hour strike for the second straight day today, and officials said the walkout would greatly affect both domestic and InternationaJ flights. A Jal spokesman said 64 of the airline's 101 flightsReuter - 101 words
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Article55 1976-12-04 11 Reuter MANILA, Frl. President Ferdinand Marcos today decreed life Imprisonment for people using dynamite for fishing in the Philippines, the Presidential Palace said here. decree called for 25 years w_t for possession of explosives for fishing purposes. It would rise to death penalty if the explosives causedReuter - 55 words
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Article235 1976-12-04 11 Reuter LONDON, Fri. Prospects of a more active role by China in world trade appear to have brightened since the accession of Chairman Hua Kuo-feng, the Financial Times said today. In a four-page survey on trade with Peking, the newspaper says China gives the impressionReuter - 235 words
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421 1976-12-04 11 KUALA LUMPUR, Fri. Malaysia will not permit any single shipping conference to carry all her natural rubber to the European and Mediterranean continents. The chairman of the Freight Committee of the Rubber Industry of Malaysia (FCRIM), Hajl Abu Bakar bin Pawanchee, said today Malaysia421 words
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Article255 1976-12-04 11 Reuter CAMBRIDGE, Fri. Britain's opposition Conservative Party today won a by-election In this medieval university town, reducing from two to one the Labour Government's effective majority In the House of Commons. Cambridge voters elected Conservative candidate Robert Rhodes James In a 10 per cent swingReuter - 255 words
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187 1976-12-04 11 Reuter MANILA, Frl. The Philippines will pay US$692 million (511.70 billion) to service its foreign debts this year, or about 12 per cent of its total foreign exchange receipts, the central bank said. Bank Governor Qregorlo Llcaros said the sum included payments already madeReuter - 187 words
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Article123 1976-12-04 11 UPI SEOUL, Frl South Korea's construction service exports during the first 11 months of the year totalled US$2.3 billion (555.6 billion) exceeding by 91.2 per cent the year's projected goal of $1.2 billion, according to government statistics released today. Officials at the Construction Ministry said the nation'sUPI - 123 words
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Article115 1976-12-04 11 AP CARACAS (Venezuela) Frl Iran and Japan will participate in a US$lB6 million (*****.7 million) five-year programme for the expansion of Venezuela's sugar Industry, an official of the state-owned Venezuelan development corporation (CVF) said yesterday. Mr Eduardo Rivero Plfano, CVF's technical director, told reporters the Erogramme Is aimedAP - 115 words
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Article123 1976-12-04 11 UPI LONDON, Frl. Britain's motor makers today blamed low productivity and Industrial troubles for a shortfall they expect this year in export targets. And those two factors were also contributing to the continuing rise in Imports of foreign cars, they said. The Society of Motor Manufacturers andUPI - 123 words
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Article99 1976-12-04 11 THE Singapore Contractors Association will be holding its annual celebration dinner party for the patron saint of the construction Industry, LuPan on Tuesday. The association has chosen Wang Coo-Klen and Company, a firm of dvll engineering and building contractors, to host the din- ner. Mr. Ong Pang Boon,99 words
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Page 11 Advertisements
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Advertisement532 1976-12-04 11 APPOINTMENTS UNION CARBIDE METALS ORES PTE. LIMITED Jurong a mtmbtr of the UNION CARBIDE SINGAPORE GROUP OF COMPANIES invites applications from Singapore Cttizana for tha position of l Ikllilf iir.l k 1 Tha successful candidate will possess tertiary qualifications and preferably at least two years industrial relations experience, including collective532 words
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Advertisement374 1976-12-04 11 WPJG ÜBONG HOU3MGS (PTC) LIMITED Career Opportunities MANAGER ADMINISTRATION/ PERSONNEL (Starting $20,000/- p.a. upwards) To form part of a central management team providing personnel and administration services to our group of companies. The position will cover a wide range of functions in personnel recruitment and selection, salaries administration as well374 words
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344 1976-12-04 12 Reuter BONN, Fri. West German Chancellor Helmut Schmidt Is very much in favour of holding another economic summit meeting as proposed by French President Valery Giscard d'Estalng last night, government spokesman Armln Gruenewald said today. Mr. Giscard talked briefly with Mr. Schmidt about theReuter - 344 words
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Article204 1976-12-04 12 SARAWAK is beginning to establish Itself as a special destination for the international tourist, and especially for the Intrepid traveller wishing to discover the unusual. This was revealed by the vice-chairman of the Sarawak Tourist Association, Mr. Francis Tan Eng Chong, at a Tourist Development204 words
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148 1976-12-04 12 PETALING JAYA, Frl. Datuk Hussein Onn called on trade unions today to restrain from using pressure as a weapon to back their claims. The Prime Minister said at the opening of the 23rd biennial delegates conference of the Malaysian Trades Union .Congress here, that148 words
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Article801 1976-12-04 12 LONDON Frl. The stock i market closed slightly off the top after a quietly firm session, dealers said. At 3 p.m., the Financial Times index was up J 4.7 at 305.6. i Government stocks mostly i erased early gains of around 1/8 in longs, but shorter dates edged801 words
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167 1976-12-04 12 SINGAPORE and Thailand are to continue to Implement Joint venture proposals for the production and marketing of agricultural and food produce. Communications between the two countries will also be strengthened with the establishment of a submarine telecommunication link. The Joint press statement,167 words
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Article164 1976-12-04 12 THE profit uptrend noted at mid-term at the New Straits Times Press (Malaysia) group continued Into the second six months to produce a 19.9 per cent rise to M 510.3 million pre-tax for the full year ended Aug 31, 1976. Turnover rose by 16.8164 words
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Article96 1976-12-04 12 ALT AS A-SMITH, a recently Incorporated Joint venture between the British manufacturer in woodworking machinery, J.J. Smith, and its local agents Altasa Industries, will have Its official opening today. A wide range of machinery will be exhibited at the company's new workshop premises in the Kallang96 words
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Article59 1976-12-04 12 THE Bank of America scholarship awards will be presented to the four winners from the University of Singapore and Nanyang University on Wednesday at the Mandarin Hotel. BOA's regional vicepresident J.O. Sims will be hosting the occasion. Mr. Kwan Sal Kheong will represent the University of Singapore,59 words
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700 1976-12-04 12 SINGAPORE should have a seven per cent growth rate next year, pending the continuity of present economic trends. However, if the US economy fulfils' its six per cent growth target without aggravating Inflation, then Singapore's Gross Domestic Product (GDP) could grow by more700 words
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512 1976-12-04 12 REINSURANCE BUSINESS SINGAPORE'S fiscal authorities are currently considering the introduction of tax Incentives to encourage a greater flow of potentially valuable reinsurance business into the country. This would help to redress the situation of Imbalance whereby the Republic "exEorts" more Insurance usiness than it "Imports"512 words
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467 1976-12-04 12 Reuter SINGAPORE, Frl. Malaysia will argue for tf rise In the International tin agreement's price range at next week's International tin council meeting, Informed Malaysian sources said. Malaysian Deputy Primary Industries Minister Paul Leong told Reuters by telephone the Ministry would issue aReuter - 467 words
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303 1976-12-04 12 KUALA LUMPUR, Prl. United General Insurance (UOI), a local company, will take over the renewal business of Tal Ping Insurance from next month. Tal Ping is one of four Peking-based companies which decided to wind, up operations in Malaysia two months ago.303 words
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Article323 1976-12-04 12 SINGAPORE'S exports to the US its largest trading partner fell in October by nearly seven per cent. Imports also declined, by 11 per cent. Total foreign trade, however, continued to show a strong gain over 1975, and for the first 10 months of this year totalled323 words
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Article, Illustration194 1976-12-04 12 MR. Huang Htm, who has been appointed China's new Foreign Minister, is one of China's most experienced diplomats. He has been Ambassador to Ghana, Canada and Egypt, and for the last five years at the United Nations, ever since China was admitted. Born in 1913 in194 words
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Article39 1976-12-04 12 TIMES Publishing Berhad, represented by Teoh and Wang, has filed a writ In the high court against a firm of advertising agents, Singapore Graphic Associates. Times alleges that the defendants owe them $46,198.58 for advertising charges.39 words
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Article128 1976-12-04 12 TURIN, FYI. Flat has offered to convert the US$lO4 million (SS2M.B million) loan It Is to get from Libya as part of the Libyan capital parttdpatlon in Flat into lire, allowing the Bank of Italy to use the dollars Involved for reserve purposes, provided128 words
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406 1976-12-04 12 THE signing of the Orient Leasing Singapore bond yesterday lays the groundwork for a developing interest among local investors In fixed Income securities. Mr. S. Dhanabalan, executive vice president of the Development Bank of Singapore (speaking on behalf of the managers of406 words
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Article43 1976-12-04 12 CATHAY Pacific Airways announced that It Is starting a direct route between Hongkong and Australia with effect from today. The twice-weekly 10-hour flight by the airline's Boeing 707s will depart from Hongkong every Monday and Saturday for Melbourne and Sydney.43 words
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Advertisement271 1976-12-04 12 We Help Ybu 1o Mind Your Own Business trade industry industry! WmU liiHUiiiH |trad«*» industry r i-M The Republic's foremost Business Review The regular review of Singapore's business scene, compiled for easy reference by executives. Noted commentators and experts present facts and figures with opinion-forming discussion of topical features. SINGAPORE271 words
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